(Yicai Global) Sept. 6 -- Shenyang Blue Silver Industry Automatic Equipment Co. [SHE:300293] (SBS) will supply 21 industrial equipment washing machines worth USD7.1 million (CNY46.5 million) to three engine companies owned by Zhejiang Geely Holding Group Co.

Two wholly-owned subsidiaries of SBS Ecoclean GmbH, a subsidiary in which SBS holds an 85-percent stake, have inked supply contracts with the three engine firms in Taizhou and Yiwu in Zhejiang and Guiyang in Guizhou, SBS said yesterday.

These supply contracts, combined with those SBS signed in July to supply nine industrial equipment washing machines to the three Geely subsidiaries, account for 84 percent of SBS's audited operating revenue last year, SBS said.

Zhejiang Geely is a leading carmaker in China that owns several brands including Geely Auto, Volvo Cars and London Taxi.